Kentucky Retirement Systems Insurance Trust Fund Sells 1,497 Shares of Emerson Electric Co. (NYSE:EMR)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in Emerson Electric Co. (NYSE:EMR) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,956 shares of the industrial products company’s stock after selling 1,497 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Emerson Electric were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Coastline Trust Co lifted its position in shares of Emerson Electric by 0.7% in the third quarter. Coastline Trust Co now owns 27,219 shares of the industrial products company’s stock worth $2,977,000 after purchasing an additional 202 shares in the last quarter. Linscomb Wealth Inc. lifted its position in Emerson Electric by 1.4% during the 3rd quarter. Linscomb Wealth Inc. now owns 35,019 shares of the industrial products company’s stock worth $3,830,000 after buying an additional 485 shares in the last quarter. Altrius Capital Management Inc boosted its stake in shares of Emerson Electric by 3.1% during the 3rd quarter. Altrius Capital Management Inc now owns 43,883 shares of the industrial products company’s stock worth $4,799,000 after buying an additional 1,317 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Emerson Electric by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 19,908 shares of the industrial products company’s stock valued at $2,177,000 after acquiring an additional 415 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in Emerson Electric by 11.0% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 2,016 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.3 %

Shares of EMR opened at $126.78 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $87.17 and a 12 month high of $131.56. The firm’s 50 day moving average is $111.14 and its 200-day moving average is $109.98. The stock has a market capitalization of $72.29 billion, a PE ratio of 37.07, a P/E/G ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EMR. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. KeyCorp boosted their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.